Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613046
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹96,00,000
EMD:₹9,60,000
Auction Time:10:30 am to 11:30 a.m
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a residential plot auction in Bantawal Taluk, Dakshina Kannada, Karnataka, brought to you by Canara Bank. The property is offered under the SARFAESI Act. Ideal for residential development, this plot presents a great opportunity in a developing area. The reserve price is INR 66,00,000, with an Earnest Money Deposit (EMD) of INR 2,60,000 required to participate.
State:Karnataka
City:Dakshina Kannada
Area:Bantawal Taluk
Asset Category:Residential
Full Address:Gandasi Village, Arsikere Taluk, Gandasi Village, Hassan
Size:2837.39 Sq. ft
Auction Description
Canara Bank presents an online SARFAESI auction for a residential plot located in Bantawal Taluk, Dakshina Kannada, Karnataka. The auction will be held on 27th November 2025, starting at 10:30 AM and concluding at 11:30 AM. The reserve price is set at INR 66,00,000. Prospective bidders must submit an EMD of INR 2,60,000. This is a significant opportunity to acquire property through a transparent banking auction process.
Borrower Name:M/s. AL MADEENA ENTERPRISES
Auction Type:SARFAESI Auction
Guarantor Names:Mr. S Lokesha
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent opportunity with its residential plot and existing structure. The location in Gandasi Village, while not a major city, has potential for growth. The reserve price and EMD are reasonable, but potential investors should conduct thorough due diligence.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0824-2440469
